Archive for July 26th, 2009
Are you ready for Pleasure Tax, Round II?
On top of the “sweetness tax” reported yesterday to help pay for Obama’s health care plan, guess what?!
“On Tuesday, the Senate Finance Committee peeked into vending machines and liquor stores, company payrolls and health savings accounts, looking for a mix of tax increases and spending cuts as a way to pay for a health overhaul — which could cost more than $1.5 trillion over 10 years.
Still, it’s easy to see why the bad-habits tax was so tempting: Taxing tobacco, junk foods and alcohol could raise $600 billion over 10 years.
People who like the tax-free status of their company health benefits could be asked to ante up. Money in the pot: more than $700 billion over 10 years.
Treasure the tax benefits from your health savings account? Some experts say the accounts encourage “excess consumption” of health services — and committee Chairman Max Baucus (D-Mont.) agreed they’re worth a look. Money in the pot: $60 billion over 10 years.”
And the taxes just keep on comin!!!
http://www.politico.com/news/stories/0509/22444.html
More CHAINS WE CAN BELIEVE IN!!!
Daniel